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Foreign investors turn to net buyers of South Korean stocks in July

All Headlines 06:00 August 13, 2018

SEOUL, Aug. 13 (Yonhap) -- Offshore investors turned to net buyers of South Korean stocks last month after three consecutive months of offloading their holdings, official data showed Monday.

Foreign investors bought a net 98 billion won (US$87 million) worth of local stocks in July, according to data by the Financial Supervisory Service (FSS), compared with net selling of 715 billion won a month earlier.

Investors from the United States, China and Ireland were among net buyers of local stocks last month, the latest findings showed.

Foreign investors turn to net buyers of South Korean stocks in July0

At the end of July, foreign investors held a total of 592.7 trillion won worth of local stocks, accounting for 32.2 percent of the nation's market capitalization.

Foreigners bought a net 1.43 trillion won worth of local bonds last month.

Their holdings of local debt stood at 112 trillion won at the end of last month, accounting for 6.5 percent of the total market, the FSS said.

kdh@yna.co.kr
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